Virtu Financial Inc (VIRT) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Virtu Financial Inc (VIRT) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $0.31 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.35. Analysts expectations of $133.79 million.

Virtu Financial Inc opened for trading at $21 and hit $21.38 on the upside on Monday, eventually ending the session at $21.24, with a gain of 1.87% or 0.39 points. The heightened volatility saw the trading volume jump to 1,53,683 shares. Company has a market cap of $2,948 M.

In a different news, on Nov 18, 2015, Joseph Osnoss (director) sold 6,075,837 shares at $21.65 per share price. According to the SEC, on Nov 18, 2015, Michael J Bingle (director) sold 6,075,837 shares at $21.65 per share price. On Aug 7, 2015, Vincent J Viola (Executive Chairman) purchased 200,000 shares at $20.66 per share price, according to the Form-4 filing with the securities and exchange commission.

Virtu Financial Inc. is a financial holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets. The Company is engaged in buying and selling securities and other financial instruments. The Company provides liquidity and competitive pricing in foreign currency markets directly to market participants on its own trading platform called VFX and through other customized liquidity arrangements. The Company has developed a multi-asset multi-currency technology platform that integrates with exchanges and other trading venues through customized infrastructure to provide continuous bid and offer quotations on assets traded electronically around the world. Its platform generates and disseminates continuous bid and offer quotes on over 11000 tradable listed products.

Virtu Financial Inc

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